Awfis Space Solutions Limited has informed the Exchange regarding Outcome of Board Meeting held on August 11, 2025.
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Awfis Space Solutions held its Board meeting on August 11, 2025, with three key outcomes. First, it approved a new line of business in office furniture and furnishing — covering design, trading, importing, exporting, and assembling modular office furniture — with an initial investment of around ₹8–10 crore, aimed at vertical integration and a new B2B revenue stream. Second, it announced Q1 FY26 (quarter ended June 30, 2025) results: consolidated revenue from operations rose to ₹3,347.04 million (up from ₹2,577.43 million in Q1 FY25), with profit after tax at ₹99.77 million versus ₹27.88 million a year ago; standalone revenue was ₹3,332.07 million with PAT of ₹89.43 million. Segment-wise, co-working space on rent contributed ₹2,762.08 million and construction/fit-out projects ₹584.96 million. Third, the Board appointed Mr. Rupinder Singh Bhatia as Secretarial Auditor for a five-year term from April 1, 2025 to March 31, 2030, subject to shareholder approval. During the quarter, 331,598 shares were allotted under ESOPs and 10,825 fresh ESOPs were granted under the 2024 scheme.
The new furniture business signals diversification and cost-savings potential, while Q1 FY26 results show strong year-on-year revenue and profit growth driven by the co-working segment — likely positive for sentiment, though the modest quarter-on-quarter dip in revenue and profit is worth noting.